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NYC NYC
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7 years ago
With the quantity theory of money, a ________ increase in the money supply will eventually lead to a 1% increase in the price level.
A) < 1%
B) 1%
C) 10%
D) 2%
Textbook 

Principles of Macroeconomics


Edition: 11th
Authors:
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Answer verified by a subject expert
JesslynJesslyn
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7 years ago
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More solutions for this book are available here
B
1

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NYC Author
wrote...
7 years ago
I was thinking the same, thank you
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